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Tuesday, February 27, 2018

Blockchain to Replace Bill-of-Lading System in Oil Tanker Trade

Several major oil companies, traders, and banks are considering blockchain technology for handling bills of lading, which are documents verifying cargo ownership in commodity trading. This innovation might reduce paperwork, cut costs, and eliminate errors, eventually resulting in higher profits.

from Google Alert - Blockchain http://ift.tt/2Co78BQ

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